Saputo (SAP) PT Raised to C$44.00

Saputo (TSE:SAP) had its target price raised by National Bank Financial from C$43.00 to C$44.00 in a report published on Friday morning. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Saputo’s Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.67 EPS and Q1 2020 earnings at $0.57 EPS.

Other analysts also recently issued reports about the company. BMO Capital Markets decreased their price target on Saputo from C$44.00 to C$43.00 in a report on Tuesday, January 29th. TD Securities increased their price target on Saputo from C$42.00 to C$43.00 and gave the stock a hold rating in a report on Friday. CIBC downgraded Saputo from an outperform rating to a neutral rating and decreased their price target for the stock from C$47.00 to C$42.00 in a report on Friday, November 2nd. Finally, Royal Bank of Canada decreased their price target on Saputo from C$48.00 to C$46.00 and set an outperform rating for the company in a report on Monday, January 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Saputo presently has an average rating of Hold and a consensus price target of C$45.57.

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Shares of Saputo stock opened at C$40.68 on Friday. The company has a debt-to-equity ratio of 45.98, a current ratio of 1.60 and a quick ratio of 0.71. Saputo has a 1-year low of C$35.56 and a 1-year high of C$45.76. The stock has a market cap of $16.08 billion and a price-to-earnings ratio of 20.97.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, March 4th. This represents a $0.66 dividend on an annualized basis and a yield of 1.62%. Saputo’s payout ratio is currently 34.02%.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.